4 ms·

Say you wanted to transfer $100,000. That transfer fee stays the same.

• beefield 9y ago
  To be more precise, you want to transfer $100,000 worth (subject to value changes during the transaction) of BTC. If you want to transfer $100,000 using BTC, my current understanding is that you end up paying more (note also bid-ask spread in the market) and transacting more slowly than wire transfer all while taking exchange risk against BTC for a non-trivial amount of time.
  • nrhk 9y ago
    Depends on the state of the bitcoin network but the fee is the same. If you have 100k of bitcoin right now and needed to transfer it to someone, you can do it in one go with one flat fee that is the same regardless of your transaction amount. I pay no fee's to obtain bitcoin, ether but that shouldn't matter. We're talkign dollar to dollar transfers, btc to btc transfers, eth to eth transfers. Doing it in dollars is objectively worse. It takes more time, more money and raises more scrutiny. I've recently used ether to transfer over 5k to a friend with a fee a few cents and a transaction time of 40 seconds. You can't do that with dollars.